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UK plcs sitting on £64bn cash pile

UK plcs are sitting on £64 billion of excess working capital, according to a leading Cambridge accountant.

High carbon investments threaten UK pensions

Dr Aled JonesThe pensions of British workers are being jeopardised by the City’s over reliance on high carbon investments, according to Dr Aled Jones, Director of Anglia Ruskin University’s Global Sustainability Institute in Cambridge UK.

New cash source for East of England SMEs

Sally Goodsell, FSE chief executiveA new funding and services powerhouse has been formed to provide cash to high-growth East of England SMEs.

Lovewell Blake opens in Bury St Edmunds

The Lovewell Blake team in Bury St EdmundsOne of the region’s leading accountancy firms, Lovewell Blake, has opened a new office in Bury St Edmunds as the latest move in expanding business in Suffolk.

Prometic adds European flesh to the bones

ProMeticProMetic Life Sciences Inc has signed an agreement with an unnamed leading European biotechnology manufacturing company.

Environmentally sensitive employee benefits

James BoltonBuilding a ‘green’ employee benefits package that can fit with your company’s ethos and credentials and your employees’ attitudes can be achieved with some thought and careful design. James Bolton, managing director of Atkinson Bolton Consulting Ltd, looks at some key areas.

Blossoming telecoms firm plucked by Daisy

Darren Bear, partner at Grant Thornton Corporate FinancePeterborough based Worldwide Group Holdings Ltd (Worldwide), a leading B2B reseller of telecoms services, has been acquired by Daisy Group plc for an initial cash consideration of £28 million, plus an earn-out.

Camgrain harvests new funding deal with HSBC

Camgrain is headquartered in Cambridge and was founded in 1983Cambridge based Camgrain Stores, the UK’s largest farmer-owned central storage co-operative, has moved its banking to HSBC, securing extra funding to develop its new central storage facility in Kettering, Northamptonshire.

Birketts aids BOCM Pauls sale to Dutch

Adrian Seagers, partner, BirkettsLeading UK law firm Birketts, with its HQ in Cambridge, has advised on the acquisition of Ipswich-based animal feed company BOCM PAULS by ForFarmers Group, whose head office is in the Netherlands.

Net cast for fishing innovation

CromerInitiatives to boost the fishing industry in north Norfolk are being backed by a £2.4 million investment programme drawing on European funding.

Newmarket finance thoroughbred canters to title

(left to right): Sponsor David White, head of Fidelity FundsNetwork; David Thurlow, director and James Bolton, managing director of Atkinson Bolton Consulting; comedian and awards host - Greg Davies.Atkinson Bolton Consulting, based in Newmarket, won the IFA of the Year title at the 2012 Money Marketing Financial Services Awards.

Chancellor faces a challenging Budget

Richard-BlackwellRichard Blackwell and Ian Barnes, tax partners at Deloitte in Cambridge and St Albans, consider what tax measures the Chancellor is expected to focus on in the Budget on March 21 and what we already know is in the Finance Bill 2012.

IoD wants a growth roadmap from Government

Simon Walker speaking at the Deyton Bell Transatlantic Business Forum. Photograph by Alan Bennett/Media Imaging SolutionsNew Institute of Directors director general, Simon Walker, has led a strong budget representation from the IoD backed by a shrewd assessment of the UK economy.

£7.5m for stratified medicines

TSB chief executive, Iain GrayCambridge stratified medicines companies have been handed a golden opportunity to share in a multi-million pound UK funding pot announced by the Technology Strategy Board.

The bell tolls with credit and credibility the punchbag

Will MooneyWill Mooney, Carter Jonas partner and joint head of its commercial agency and professional services in the eastern region, takes a ringside seat for the battle of the century.

Idea Transform drives down funding for startups

Jeremy ParsonsIdea Transform, a new venture to support entrepreneurs, has launched an initiative to involve and benefit more Cambridge groups as part of the build up to its first weekend event on April 20-22.

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